Herbert P. Wilkins, Sr.
Longtime MMTC Board Member and Benefactor, Minority Venture Capital Icon, Mentor, and Champion for Diversity of Ownership in the Media and Telecommunications Industries
January 9, 1942 – December 3, 2013
Herbert P. Wilkins, Sr., renowned venture capitalist and entrepreneur, will best be remembered for his stalwart leadership and achievements on behalf of minority entrepreneurs in the broadcast, cable, wireless and satellite industries.
Affectionately known as the “Godfather of Minority Venture Capital,” Herb’s strong belief in the potential of minority businessmen and women motivated him to take risks that many others feared to take, leaving behind a legacy of success in minority-owned businesses in the communications industries.
The Syncom Legacy
Herb revolutionized minority entrepreneurship in the broadcasting, cable, telecom and wireless industries through his successful venture capital funds, Syndicated Communications, Inc., and Syncom Venture Partners, funds that, collectively, have invested nearly a half-billion dollars in approximately 150 minority-owned communications business enterprises over the past 35 years. With a mission to diversify the ownership of media and telecom in the United States, Herb, along with his long-time partners Terry Jones, Duane McKnight and the Syncom team, adopted a winning approach by investing in deals other venture capital firms refused, and sharing the risks and rewards of their investments with other minority venture capitalists through syndication-style investments. The Syncom Funds not only made financial investments in minority entrepreneurs, but they also incubated them to help to ensure their success. [click to continue…]